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31THE NATION - Experts call for total overhaul of rice industry

32THE NATION - Chamber wants firms to capitalise on FTAs

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BANGKOK POST JUNE 20149

The high cost of a scheme that backfired

WfCHfT CHANTANUSORNSfRf

It could take at least five or six years to settle the estimated loss and interest burdens incurred from the Yingluck Shishynawatra administrations flagship rice shypledging scheme according to a Finance Ministry source

The Pheu Thai Party-led government borrowed 730 billion baht in loans carrying an average annual interest rate of3 or 20 billion baht to fund the scheme for the five crops starting with the 2011-12 main crop

Academics have estimated that losses from pledging rice at 40-50 higher than market prices could reach 500 billion baht

Thailand must also shoulder a loss of another 100 billion baht from subsidisshying agricultural products before the Yinshygluck govemment

Further delays in releasing stockpiled rice will add to the time it takes to settle the loss and interest burdens the source said

The source said about 150 billion baht in losses incurred from the rice subsidy has been rolled over each year

The scheme was aimed at boosting rice farmers income and driving domestic

Six yeamiddotrs to settle ricedebtconsumption The government withheld a large amount of rice from the market in the hope the price would rise The move backfired when supply from other counshytries flooded the market and put pressure on prices

Moreover the rollover ofdebt payment wiJ(limit the Finance Ministrys ability to guarantee state enterprises borrOwing The Public Debt Management Act permits the ministry to back their borrolling up to 20 of annual expenditure

In the 2014 fiscal year the ministrys credit guarantee to state enterprises accounts for almost 10 of government expenditure offering more room for a rollover of debt payment

The countrys public debt stands at 555

trillion baht representing 46 of GDP The ratio accelerated from 4078 when Ms Yingluck took the helm in late 2011 and the rice scheme has been largely blamed

Rice exporters estimated the governshyment has kept 15-16 million tonnes of milled rice that accumulated from the scheme over the past three years It may take up to three years to clear the huge stock even if the rice sche~e is stopped to prevent new supplies enteringstate stocks

Holding a Jarge amount of stock and speedy exports by the Commerce MiniStry in recent months to get quick cash to pay

back the Finance Ministry have dampened Thai rice prices in the global market Based on May statistics from the Thai Rice Exporters Association export prices ofThai rice were lower than those ofcomshypetitors with 5 white rice sold at U$$390 per tonne compared with $405 for Vietshynamese rice $435 fo r Indian rice and $440

for Pakistani rice The associations president Charoen

Laothamatas suggested authorities make a comprehensive stock check to classify the quality of grains kept in state warehouses

Knowing the quantity and condition of rice could help the state outline sales plans more efficiently and increase rice prices he said More importantly authorities may focus on the sale of newly harvested rice while managing the sale of old rice through auctions

Astaff of a miller checks quality of pledged rice kept in a warehouse in Ayutthaya province THITI WANNAMONTHA

nJ~VlJl~~l ru~tJ

THE NATION JUNE 20149 Experts call for total overhaul of rice industry COUNTRY SHOULD REDUCE PRODUCTION AND FOCUS ON HIGHER QUALITY SOME SUGGEST

KWANCHAI RUNGFAPAISARN THE NATION

THE RICE-PRODUCTION sector needs a major revamp to sustain itself amid high costs and heavy competition in export markets a roundtable has heard

According to soine participants the Kingdom should abandon its strategy of massive production and low prices and move toward lower growing volumes of higher quality This would allow the country to sell its produce at higher prices by servshying niche premium markets

Speaking at a roundtable forum hosted by Krungthep Turakijnewsshypaper recently Songpol Poolsawat chairman of the Ang Thong Agricultural Committee said rice growers could not surVive as proshyduction costs got higher while revshyenue got lower

The average age of rice farmers is ilbout 60 and it is the responsibilishytyofthe next generation totind a way to make farming sustainable

The rice growers should actualshyly apply the philosophy of sufficienshycy economy or sustainable farming developed by His Majesty the King Local water sources should be serishyously developed so that efficiency is

enhanced he said Representatives from the rice

growers should participate in the policy-making process so that real informatiori is accessed and probshylems are solved correctly

Manus Kitprasert president of he ThaI RIce MIllers ASSOCIatIOn saId mllll1g was seen as a sunset

lnOustry and many had begun facshying serious problems getting bank loans

The government sector does not have enough money at th is moment to help the farmers and if farmers cannot live none of us can survive he said

He said the Thai milling industry had a total capacity ofabout 80 milshylion tonnes per annum but the country could produce only 28 milshylion tonnes of rice per year

Permsak Makarapirom a former member of the NatIOnal Reform CommIttee saId that 111 hIS Vlew larmers could not survive the current situation as they were burdened by high costs and were selling their

paddy at a loss Some had lost their land because they could not keep up with their debts

Most farmers are burdened with about Bt6150 in costs for such necessities asseeds and fertilisers to produce 1 tonne of paddy rice Deducting those costs farmers ill have about BUOOOOO ayear in net income which is lower than the minshyimum wage he said

Permsak said rice farmers needshyed to reduce their costs if they wantshyed their businesses to survive

He said chemical additives sllch as fertilisers and pesticides account-

MANUS PERMSAK

SONGPOL NIPON

ed for 35 per cent oftheir costs while another 15 per cent was for fuel and 15 percent for seeds

In the Central region 65-70 per cent of paddy growers ren t their land and that accounts for about 20 per cent of their costs

1Thatthe new government could do to help farmers survive is to increase their land ownership It could allocate about BUDD billion of the annual budget to makeuro 3 million farmers landowners based on ownshyership of no more than 50 rai each Permsak said

He added that rice farmers should have the right to participate not only in production but also in other activshyities such as marketing

Nipon Poapongsakorn a distinshy~Ulshed fellow at the I halland

esearch Development Institute saId the Kll1gdom would have to

relinquish its role as one of the biggest rice exporters as it now faced

higher costs than rivals such as Vietnam and Myanmar

As well rice consumption globshyally would decline gradually in comshying years

He said about 40 per cent ofThai labourers were in agriculture but that sector generated only 10 per cent of the countrys total income

He said the average income of farm labourers in the agricultural sector was now lower than that of their counterparts outside the secshytor

Thailand needs to move towards the production of high -quality rice not on a huge scale but small amounts to serve more niche cusshytomers We should move labourers out of the agricultural sectormiddot into other work such as rural economic developrnent so that they will earn higher incomes This would also reduce the number of workers still in the agricultural sector and conseshyquently raise their average income Nipon said

He said Thailand should also shift away from agriculture subsidies replacing such policies with a welshyfare system that would cover all peoshyple and the poor in particular An administrative system should be set up to run the social welfare proshygrammes

The value-added tax could be raised from 7 per cent to 10 per cent to finance it he said

Subsidies to support the former governments populist policies have been recognised as dangerous and leading to possible political probshylems he claimed

Government support for the prices of rice and other agricultural products distort the market mechashynism and require huge budgets And the beneficiaries are not only poor farmers but wealthy people who are in no need of such assistance

In the short term the rulingjunta should make a total accounting of how much rice the ousted governshyment took in under the rice-pledgshying scheme and how much of that has been sold

The accounting would include how much rice spoiled and how much went missing

In my point of view an indeshypendent body with professional members should be formed to eval- uate all stocks to determine how Jmuch rice remains and its quahty he said

it old ~

THE NATION JUNE 2014

Chamber wants firms to capitalisemiddoton FTAs PETCHANET PRATRUANGKRAI THE NATION

THE THAI CHAMBER of Commerce wIll ropose to the NatIOnal Councl for Peace and Order to set up a speCIal commlt~ tee to cajole businesses into trYIng to maxImIse benefits from eXlstmg free-trade a reements and to preshypare in us trIes or more tra e I shyeralisation in the next few years

Although the free-trade talks between Thailand and the European Union have been susshypended it is a good time for Thailand to prepare for this trade pact Thailand should have a speshycific committee to promote trade growth under many FTAs and future pacts Pornsilp Patchrintanakul chairman ot the Board of Trades agrIculture and food busmess commIttee saId last week --SOme firms have not really gained from the FTA as they lack knowledge and information They

also need the panel to help ensure that they can take on unexpected non-tariff barriers

Despite differing levels of playshying fields Thai industries and the farming sector will have more time to strengthen their competitiveshyness after market liberalisation with the ED

The FTA committee should comprise all stakeholders such as government agencies including the Agriculture Industry and

Gommercemlmstnes Farmers trade aSSOcIatIOns and prIvate orgamsatlOns also need to Jom

The panel mIght start WIth the Asean Economic Community and expand to other FTAs

Some ofthe issues for discussion are the setting of sanitary stan~ dards collaboration among govshyernment agencies to promote farm products toserve market demand and development of technology and customs procedures to smoothen Thai enterprises peneshytration of trading partners

THE NATION

NCPOs plans show promise of putting the economy back on the rails ERICH PARPART SOMLUCK SRIMALEE THE NATION

THE NATIONAL COUNCIL for Peace and Orders strategy to stimshyu late the economy consists of urgent short- and long-term plalls that have already begun to revive the sluggish economy

Out of the 30 immediate measshyures planned by the NCPO the juntas economic chief Air Chief Marshal Prajin Juntohg has revealed about 15 of them in the past week and there were positive responses from consumers and investors alike

The first stage of the urgent polishycy- to hand out Bt92 billionto all the unpaid rice farmers - will help boost domestic spending immediately

From the first day ofthe payments to farmers on May 26 up to last Thursday Bt4344 billion was paid out by the Bank for Agriculture and Agricultural Cooperatives (BAAC)

Its president Luck Vajananawat said he expects the bank could give out all the money owed to unpaid farmers by June 22 if payments continue at this pace

Somchai Saijapong directorshygeneral of the FIscal Pohcy Officj saId that when the 800000 unpai farmers get the Bt92 billion from the BAAC it would inject both domestic more than Bt92 consumption billion into the and exports market Of the According to the Bt2525-tril shymultipliereffect the initial payments will be tripled to Bt276 billion For example farm shyers can spend the money on home appliances or consumer goods

Then the retailers that sold the home appliances or consumer goods will pay the money that they received from the farmers to their suppliers This is the second round of the multiplier effect

This will drive economic growth up 009 percentage point based on gross domestic product of Bt301 trillion as oflast December

However there are many factors such as the willingness to invest openness to trade and exchange rate flexibility so the multiplier effect could take time to be seen and will most likely bloom by next year The junta also has the policy

JUNTAS ECONOMIC ROAOMAP Urgent

~j2 Bt92 Billion

Maimaining LPG gas at Bt2263 cent~r klloglimn)9-

=JStmiddott-2middotC( 2014 Judge~ disbtlr~ ertin both inVe5tHHrlt budget anti Jnnuaf budgd worth

Bt133 trillion

Maif1tlIining dieSltlf 9ll~ Bt2999Utrflmiddot t IDr one month

MaintalrTing VAT at 7 percent J

ill for one yeai -Jli

Reviving r~nfidelci of domesic arrJ fcr~jg1 investors

Short-term

to speed up disbursement of the remaining Btl33 trillion ofthe fisshycal 2014 budget which would also help drive the economy

liVe expect gross domestic prodshyuct [GDP) to grow by 3-4 per cent in the third quarter and growth is targeted at close to 3 per cent for this year he said

This will increase the engines of economic growth from only exports

last quarter to

lion fiscal budget only 473 per centor Btl195

trillion has been spent from the start of the fi scal year in October to this past March This was not only for fixed expenditures but also infrastructure projects

The NCPO is rushing to prepare the fiscal 2015 budget which will target Bt26 trillion in outlays and a budget deficit of Bt250 billion The junta wants to complete and announce the budgetso that spendshying could begin in October

This will boost investment and the economy in the second half of this year If the NCPO can explain to foreign investors who have a business in Thailand that it will continue to promote foreign investshymen t that will be the next engine to drive the economy in the last quar-

THE NCPO IS RUSHING TO PREPARE THE FISCAL 2015 BUDGET WHICH Will TARGET 8T26 TRilliON IN OUTlAYS AND ABUDGET DEFICIT OF BT150 BilLION

ter of this year and next year The junta has to make foreign

investors understand that it has a policy to push the Boardmiddot of Investment (BO) to provide tax incentives and other privileges and also to appoint the new BOr memshybers so that pending investment applications worth over Bt700 bilshylion can be approved

With the countrys economic engines increasing to four - governshyment spending domestic consumpshytion exports and investment - the economic growth target of 3-4 per cent this year and at least 4 percent next year lookwithin reach

Although all of this still needs to be worked out a good sign is that the consumer confidence index shyaccording to a survey by the Economic and BusirleSs ForecastlDyen Centre of the Thai Chamber 0 Commerce - jumped shar I from678inA rilt0707in

a Tats ows consumers e leve pohtics Wlll stabilise in the wake of the coup on May 22

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THE NATION

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Bt133 trillion

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last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

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wn~o5u (flO)

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65-70 nn

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4-5 fio

bull ___ 0

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4-45 42

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MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

- -- _ ---_

JDU1CJU 2557 q

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wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

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65-70 nn

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28-30 nn

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4-45 42

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MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

- -- _ ---_

JDU1CJU 2557 q

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2557 I

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= lJ~UltJU 2557

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wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

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167 nlJ lI~U 1729253 flU

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4-45 42

fllWll l~hl~~~~

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m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

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MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

JDU1CJU 2557 q

A 6v v I I

2557 I

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81ujanU1 11

938 ~lU~U djUL~U 154097 ~lU

3885322 ~lU1J1Yl

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-------------__-- ------ shy

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93 126254 ~14

~ 0 0 I middot

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bull A ~ JI

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1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

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iI QI ~ 1 j1G1

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= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

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wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

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167 nlJ lI~U 1729253 flU

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4-45 42

fllWll l~hl~~~~

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MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

2557 I

1Jll~ b1J b011EJ1 C) 0 0 v

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938 ~lU~U djUL~U 154097 ~lU

3885322 ~lU1J1Yl

J 0 0 Q

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WtrW1~kl 2557 q

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93 126254 ~14

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= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

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wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

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65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

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4-45 42

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(91 1) b1l1~ 1Pl b1VJ (91 ~

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m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

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MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

938 ~lU~U djUL~U 154097 ~lU

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93 126254 ~14

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iI QI ~ 1 j1G1

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I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

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wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

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65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

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4-45 42

fllWll l~hl~~~~

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m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

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MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

J 0 0 Q

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93 126254 ~14

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65-70 nn

36-37 Woo

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vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

bb kllV1kl1 Cgt

WtrW1~kl 2557 q

o 0 IV

~TU1~1d

rI v d I Ir

Wllirul

dd Q V

bull C t

~lV1UYi 9 il~U1VU

-------------__-- ------ shy

~H1 tntrU 2557 q

A rGJ oi Q

ai SIV

~l1111IJ1U1ULL~1

Ql 9 laquo

i ltIV tJ

t J ~ ~ I

q oov q qq

bull bull

q iJ~ljltJlj 2557

~ftil1m1ilil ~

1_ IV lt4 IV ~

o 0 _ ~

illU1Dl1

UlnElUrlutii1fJ

1iiDll)JlJru bull ~

A do 0 9J ~

A bull I 4 dll a d

d t II I d Q

bull bull bull III

d jI 1 do

L1~~ 111 11 b n~tl~ m~ ~~ 111m1)~~V n-trll

11l~tlnUntlW

d d QI I

93 126254 ~14

~ 0 0 I middot

eJI1U ~3-J1-il3-J(nlil)~1Z1i[1 ~ 1 -

~ ~ A s

bull A ~ JI

~~iIlfl1Wl1VlVl

llV~W1lJ ~juW

1VlV~111JW~Cl~dj

1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

~lV1UYi 9 il~U1VU

-------------__-- ------ shy

~H1 tntrU 2557 q

A rGJ oi Q

ai SIV

~l1111IJ1U1ULL~1

Ql 9 laquo

i ltIV tJ

t J ~ ~ I

q oov q qq

bull bull

q iJ~ljltJlj 2557

~ftil1m1ilil ~

1_ IV lt4 IV ~

o 0 _ ~

illU1Dl1

UlnElUrlutii1fJ

1iiDll)JlJru bull ~

A do 0 9J ~

A bull I 4 dll a d

d t II I d Q

bull bull bull III

d jI 1 do

L1~~ 111 11 b n~tl~ m~ ~~ 111m1)~~V n-trll

11l~tlnUntlW

d d QI I

93 126254 ~14

~ 0 0 I middot

eJI1U ~3-J1-il3-J(nlil)~1Z1i[1 ~ 1 -

~ ~ A s

bull A ~ JI

~~iIlfl1Wl1VlVl

llV~W1lJ ~juW

1VlV~111JW~Cl~dj

1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

-------------__-- ------ shy

~H1 tntrU 2557 q

A rGJ oi Q

ai SIV

~l1111IJ1U1ULL~1

Ql 9 laquo

i ltIV tJ

t J ~ ~ I

q oov q qq

bull bull

q iJ~ljltJlj 2557

~ftil1m1ilil ~

1_ IV lt4 IV ~

o 0 _ ~

illU1Dl1

UlnElUrlutii1fJ

1iiDll)JlJru bull ~

A do 0 9J ~

A bull I 4 dll a d

d t II I d Q

bull bull bull III

d jI 1 do

L1~~ 111 11 b n~tl~ m~ ~~ 111m1)~~V n-trll

11l~tlnUntlW

d d QI I

93 126254 ~14

~ 0 0 I middot

eJI1U ~3-J1-il3-J(nlil)~1Z1i[1 ~ 1 -

~ ~ A s

bull A ~ JI

~~iIlfl1Wl1VlVl

llV~W1lJ ~juW

1VlV~111JW~Cl~dj

1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

A rGJ oi Q

ai SIV

~l1111IJ1U1ULL~1

Ql 9 laquo

i ltIV tJ

t J ~ ~ I

q oov q qq

bull bull

q iJ~ljltJlj 2557

~ftil1m1ilil ~

1_ IV lt4 IV ~

o 0 _ ~

illU1Dl1

UlnElUrlutii1fJ

1iiDll)JlJru bull ~

A do 0 9J ~

A bull I 4 dll a d

d t II I d Q

bull bull bull III

d jI 1 do

L1~~ 111 11 b n~tl~ m~ ~~ 111m1)~~V n-trll

11l~tlnUntlW

d d QI I

93 126254 ~14

~ 0 0 I middot

eJI1U ~3-J1-il3-J(nlil)~1Z1i[1 ~ 1 -

~ ~ A s

bull A ~ JI

~~iIlfl1Wl1VlVl

llV~W1lJ ~juW

1VlV~111JW~Cl~dj

1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

i ltIV tJ

t J ~ ~ I

q oov q qq

bull bull

q iJ~ljltJlj 2557

~ftil1m1ilil ~

1_ IV lt4 IV ~

o 0 _ ~

illU1Dl1

UlnElUrlutii1fJ

1iiDll)JlJru bull ~

A do 0 9J ~

A bull I 4 dll a d

d t II I d Q

bull bull bull III

d jI 1 do

L1~~ 111 11 b n~tl~ m~ ~~ 111m1)~~V n-trll

11l~tlnUntlW

d d QI I

93 126254 ~14

~ 0 0 I middot

eJI1U ~3-J1-il3-J(nlil)~1Z1i[1 ~ 1 -

~ ~ A s

bull A ~ JI

~~iIlfl1Wl1VlVl

llV~W1lJ ~juW

1VlV~111JW~Cl~dj

1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

bull bull

q iJ~ljltJlj 2557

~ftil1m1ilil ~

1_ IV lt4 IV ~

o 0 _ ~

illU1Dl1

UlnElUrlutii1fJ

1iiDll)JlJru bull ~

A do 0 9J ~

A bull I 4 dll a d

d t II I d Q

bull bull bull III

d jI 1 do

L1~~ 111 11 b n~tl~ m~ ~~ 111m1)~~V n-trll

11l~tlnUntlW

d d QI I

93 126254 ~14

~ 0 0 I middot

eJI1U ~3-J1-il3-J(nlil)~1Z1i[1 ~ 1 -

~ ~ A s

bull A ~ JI

~~iIlfl1Wl1VlVl

llV~W1lJ ~juW

1VlV~111JW~Cl~dj

1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

A do 0 9J ~

A bull I 4 dll a d

d t II I d Q

bull bull bull III

d jI 1 do

L1~~ 111 11 b n~tl~ m~ ~~ 111m1)~~V n-trll

11l~tlnUntlW

d d QI I

93 126254 ~14

~ 0 0 I middot

eJI1U ~3-J1-il3-J(nlil)~1Z1i[1 ~ 1 -

~ ~ A s

bull A ~ JI

~~iIlfl1Wl1VlVl

llV~W1lJ ~juW

1VlV~111JW~Cl~dj

1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

~ 0 0 I middot

eJI1U ~3-J1-il3-J(nlil)~1Z1i[1 ~ 1 -

~ ~ A s

bull A ~ JI

~~iIlfl1Wl1VlVl

llV~W1lJ ~juW

1VlV~111JW~Cl~dj

1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

eJI1U ~3-J1-il3-J(nlil)~1Z1i[1 ~ 1 -

~ ~ A s

bull A ~ JI

~~iIlfl1Wl1VlVl

llV~W1lJ ~juW

1VlV~111JW~Cl~dj

1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

~~iIlfl1Wl1VlVl

llV~W1lJ ~juW

1VlV~111JW~Cl~dj

1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

~~iIlfl1Wl1VlVl

llV~W1lJ ~juW

1VlV~111JW~Cl~dj

1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

1Jl1~1i1ilJv ilGl1l

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

1JflU1CJU 2557 q

2J 152557bbU 1VlU1

6 2557

2J 2557bbU 1 VlU1

tllf)1il-l J~i1A

f)1i 0 du

JI2557

iI QI ~ 1 j1G1

J )lev 0 0 4

I d ~r 1

= lJ~UltJU 2557

UllfiOuua 100

UllV1l 100

wnAUl (flO)

wn~o5u (flO)

wnmOU1gtlJa (flO)

WsnfifiIJ (~UOl)

U~Ul0IjU (IUOS 1c2)

65-70 nn

36-37 Woo

28-30 middot nn

20-22 nn

28-30 nn

4-5 fio

bull ___ 0

i cJVIi lmiifllll

Go 11 ~~ Q tf

167 nlJ lI~U 1729253 flU

~11lUll1

G cJ VI

2557 Vi 2 ~114~114U1Ylll(l~ 22 ~114li114U1Yl

d 4 ct I

1 f ~ ~ c

at)lUL~tll

itum~ftauoUI (IV

lfji1flfllll

WtlUltJW q

Vi~6I1W11l1U1Q

vlJll1)n~lV1U1)U

4-45 42

fllWll l~hl~~~~

n1~VI1JJ-Ilmm I

(91 1) b1l1~ 1Pl b1VJ (91 ~

lJ1)~1V1~~r)~ 12-18

gt J~1

m 128 YiUI11UV1tl~m~ 11~1uiJ 2556

Q c d co d (

~ Ji~~~~5~~~~~~~~- - - ~

m~01~ _ ~I ~

- c 0 _

cgt If

nJV] JljVJ 1 ru~ tJ

nJ~VlJl~~l ru~tJ

MANUS PERMSAK

SONGPOL NIPON

it old ~

THE NATION

~j2 Bt92 Billion

Bt133 trillion

Short-term

last quarter to

57-06-09 (กรม)

57-06-09 (ใบนำสง)

57-06-09 (กระทรวง)

Documents

2557...Q 6 f1~~CVI~d~\A,l1m~tJ ~11'V1'l1-:1~e:I'VhJ'V~\J1~cih1'U